Cogeco Inc. (CGO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to Cogeco, Inc. and Cogeco Communications, Inc. Q3 2025 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Patrice Ouimet, Chief Financial Officer of Cogeco, Inc. and Cogeco Communications, Inc. Please go ahead, Mr. Ouimet. So, good morning, everyone. Welcome to our third quarter results conference call. So, as usual, before we begin the call, I'd like to remind listeners that today's discussion will include estimates. and other forward-looking information. We ask that you review the cautionary language in the press releases and MD&A issued yesterday, as well as in our annual reports regarding the various risks, assumptions, and uncertainties that could cause our actual results to differ. And with that, I'll pass the line to Fred Perron for opening remarks. Thank you, Patouze, and good morning, everyone. We're pleased to share our Q3 results today. We'll be giving you more color on our solid Canadian Internet subscriber growth, our strong free cash flow performance, and our Canadian wireless launch. We'll also be sharing insights into our U.S. challenges, and we'll explain why we're optimistic about improvements in the coming quarters. Let's start with our Canadian Internet customer growth, which was strong again this quarter. We're quite upbeat. about our Canada customer trends going into Q4 and next year, especially as wireless and new Ontario network expansion projects being lit up become new additional contributors to our customer growth. Turning over to free cash flow, when we began our three-year transformation last year, we mentioned that we expected significant OPEX and CAPEX synergies, from initiatives such as combining our Canadian and U.S. operations, reducing t...